HOUSTON--(BUSINESS WIRE)--The executive leadership of Taylor Consulting, Inc. (OTCBB: TAYO) travels to West Texas this week to scout promising real estate acquisitions in a region experiencing a huge economic and population boom surrounding the production of shale oil and gas.
TAYO’s new chief executive, Scott Wheeler, will be on hand to consider a number of properties located on or near West Texas’ massive Cline Shale formation. Covering an area of over one million acres , the Cline Shale could be the largest North American oil play of all time, with experts predicting it could produce as many as 30 billion barrels of oil.
Residents are flocking to the region thanks to new jobs created by a rush of energy exploration and development made possible by cutting-edge drilling techniques. The boom has drawn enough new residents to the region to send home and rent prices surging in many areas. For a company like TAYO working to break into the U.S. real estate industry, that spells opportunity.
“We’ll be looking mainly for raw land and commercial properties for development,” said Wheeler. “There is tremendous, rising demand for commercial property, especially for trucking, as well as big multifamily developments. There is a shortage of housing and amenities in the region, and we plan to capitalize on the swelling demand.”
In addition to its traditional sports consulting business, TAYO recently created a new division—Third Avenue Development, LLC—to invest in promising real estate assets to compete alongside American Homes 4 Rent (NYSE: AMH), Silver Bay Realty Trust Corp. (NYSE: SBY), Equity Residential (NYSE: EQR), Essex Property Trust Inc. (NYSE: ESS) and more.
TAYO plans to grow its national brand by building up its portfolio of assets in Texas, first, acquiring properties with high potential and applying multiple marketing strategies.
For more information on Third Avenue Development, please visit www.ThirdAvenueDevelopment.com.
About Third Avenue Development, LLC
A division of Taylor Consulting, Inc. (TAYO), Third Avenue Development, LLC, is building an emerging portfolio of real estate assets for rehabilitation and rent or resale. The company is focused on acquiring properties in the country’s top-performing housing markets in order to capitalize on the continued recovery and growth of the U.S. real estate marketplace.
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